Toyota set to post billion dollar annual profit: report

Japan's embattled auto giant Toyota will likely post an operating profit of around one billion dollars for the year to March despite worldwide safety recalls, a local newspaper reported Sunday.Toyota, which is to release its annual results on Tuesday, may report an operating profit of up to 100 billion yen (1.09 billion dollars), the Yomiuri newspaper reported, without citing sources.The world's top automaker posted a net loss of 4.4 billion dollars in the year to March 2009, the first time ever it had sunk into the red, as global car sales collapsed during the recession.

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Japan's embattled auto giant Toyota will likely post an operating profit of around one billion dollars for the year to March despite worldwide safety recalls, a local newspaper reported Sunday.Toyota, which is to release its annual results on Tuesday, may report an operating profit of up to 100 billion yen (1.09 billion dollars), the Yomiuri newspaper reported, without citing sources.The world's top automaker posted a net loss of 4.4 billion dollars in the year to March 2009, the first time ever it had sunk into the red, as global car sales collapsed during the recession.

Japan's embattled auto giant Toyota will likely post an operating profit of around one billion dollars for the year to March despite worldwide safety recalls, a local newspaper reported Sunday.Toyota, which is to release its annual results on Tuesday, may report an operating profit of up to 100 billion yen (1.09 billion dollars), the Yomiuri newspaper reported, without citing sources.The world's top automaker posted a net loss of 4.4 billion dollars in the year to March 2009, the first time ever it had sunk into the red, as global car sales collapsed during the recession.

Japanese automakers Mitsubishi and Mazda said on Thursday they were mired in the red in the six months to September, warning that the global car industry remains in a severe situation.Mitsubishi Motors Corp. posted a first-half net loss of 36.40 billion yen (402 million dollars), swinging into the red after a year-earlier profit of 12.77 billion yen.Revenue more than halved to 573.03 billion yen from 1.21 trillion yen, leaving the group with an operating loss of 32.50 billion yen, compared with a profit of 25.36 billion yen in the same period of 2008.

Toyota on Wednesday announced a global recall of 1.9 million Prius hybrid cars because of a fault that could cause the vehicle to slow down suddenly, in the latest safety blow to the Japanese auto giant.

Tokyo (AFP) - Toyota sold 10.23 million vehicles last year, it said Wednesday, outpacing General Motors and Volkswagen to remain the world's biggest automaker, but a shaky outlook for 2015 could see it lose the title to its German rival.

As reported earlier, at least one prominent hedge fund manager, Dan Loeb, is very bullish on Sony (or at least has played his cards well enough to buy the stock 50% lower and is using today's ramp to offload to unwitting momentum chasers as he did with Herbalife). Whether he is merely using the opportunity to earn some activism brownie points on the background of the overall levitation of the Japanese stock market, or is genuinely convinced there is upside for Sony remains to be seen.

Japan's Yamaha Motor Co. announced Wednesday a net loss of about 1.8 billion dollars for the nine months to September due to sluggish motorcycle sales, a stronger yen and restructuring costs.The company posted a net loss of 158.76 billion yen (1.76 billion dollars) for the first three quarters of 2009, against a year-earlier profit of 43.15 billion yen.It booked an operating loss of 44.97 billion yen, against a profit of 64.08 billion yen in the same period of the previous year. Revenue plunged 33.1 percent to 858.51 billion yen.